Stellar (XLM) has been gaining a bit of momentum lately (date of writing 29 June 2023). Still 89% down from its ATH of $0.9381, it is currently at $0.1023 which is 2.66% up from yesterday and up 21% from the previous week.
I suspect some of this price movement is due to some recent, exciting developments connected to the project.
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On 23 June 2023, Coinbase introduced support for USD Coin (USDC) on the Stellar network, providing near-instant and low-cost transactions in over 180 countries. This will enable the millions of users on Coinbase to more easily access the Stellar network and provide real world utility. This could also result in people turning to the Stellar network, using XLM for USDC movement during the next bull run when ETH gas fees get out of control again. Transaction fees are paid in XLM, which are burned, making XLM deflationary which is also good news. Source: https://twitter.com/StellarOrg/status/1672297000430370822?s=20
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@Bitwage and @vibrantwallet have partnered to make USD stablecoin payments seamless and zero-fee for remote workers worldwide. By using Stellar USDC, workers can receive their international wages faster and cheaper, all while being able to save their hard-earned cash in a familiar currency like USD stablecoin. Plus, users can cash out in their local currency at competitive rates.
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The Stellar Network has announced an integration with Moonpay (leading crypto payments infrastucture company). While Moonpay does have slightly higher fees than other companies, it allows users to easily convert their local currency into crypto using their preferred payment method.
Source: https://twitter.com/StellarOrg/status/1671976641818664960 -
On 21 June 2023, Stellar integrated with MoneyGram to facilitate streamlined deposits and withdrawals of cash from crypto wallets via USDC on Stellar without a bank account. A real life example on Twitter of this development reads: " imagine Lisa, an entrepreneur from a remote village. She can now send money to her parents abroad or even to herself, hassle-free. Stellar and MoneyGram's integration bridges the gap between traditional finance and the digital economy." The wallets that are currently supported by Moneygram include: @vibrant_latam, @BeansApp, @Lobstr and @Decaf_so. Stellar are working to integrate more wallets in the near future. Source: https://twitter.com/StellarOrg/status/1671578764264996864 Show Less
